+1-415-670-9189
info@expertsmind.com
Quantitative analysis-break even
Course:- Basic Statistics
Reference No.:- EM1393188




Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Basic Statistics

Really need help with this problem. Please show me how to set it up in the correct steps.

a. Ryan is planning to finance her college education by selling programs at the football games for her team. there is a fixed cost of $400 for printing these programs, and the variable cost is $3. there is also a $1,000 fee that is paid to the university for the right to sell these programs. If Ryan was able to sell programs for $5 each, how many would she have to sell in order to break even?

b. Sales have fallen as a result of the team losing streak and attendance has fallen off. Ryan will only sell 500 programs for the next game. If it was possible to raise the selling price of the program and still sell 500, what would the price have to be for Ryan to break even by selling 500?




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Basic Statistics) Materials
While some teenagers received no allowance, others reported receiving $200 per week. Based on this information, the mean allowance for U.S. teenagers is most likely.
Thirty-two samples of 8 items each were collected from a process. The average sample mean is 12 and the average range is 0.10. The upper and lower control limits, respective
Construct frequency distribution and calculate mean, range and standard deviation - Construct control charts for variables, rejects per unit and percentage defectives per batc
A website recorded whether visitors click on a shown ad. The following plot shows the outcomes for a sequence of 100 visitors, with a 1 shown if the visitor clicked on the a
Antidepressant is normally distributed with a mean of 6 lbs and a standard deviation of 3 lbs. What is the probability of weight gain? What is the probability of gaining bet
Identify the following dilemmas as either constructive or destructive. Then suggest a refutation for each by escaping between the horns, grasping by the horns, or constructi
A manufacturer produces a batch of memory chips (RAM) and measures the mean-time-between-failures (MTBF). The manufacturer then changes a manufacturing process and produces an
Create a scenario where the binomial probability formula could be used to determine the probability of some number of successes, x, in some given number of trials,n.